Peel Hunt Reaffirms “Buy” Rating for JD Sports Fashion PLC (JD)

JD Sports Fashion PLC (LON:JD)‘s stock had its “buy” rating reissued by Peel Hunt in a research note issued to investors on Thursday, August 3rd. They presently have a GBX 500 ($6.49) price target on the stock. Peel Hunt’s price objective points to a potential upside of 38.54% from the stock’s previous close.

JD has been the topic of several other research reports. Shore Capital reiterated a “buy” rating on shares of JD Sports Fashion PLC in a research report on Wednesday, May 24th. Beaufort Securities reiterated a “buy” rating on shares of JD Sports Fashion PLC in a research report on Wednesday, April 12th. Barclays PLC boosted their price target on shares of JD Sports Fashion PLC from GBX 430 ($5.58) to GBX 475 ($6.17) and gave the company an “overweight” rating in a research report on Wednesday, April 12th. Finally, Investec restated a “buy” rating and issued a GBX 455 ($5.91) price objective on shares of JD Sports Fashion PLC in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 543.75 ($7.06).

JD Sports Fashion PLC (LON:JD) opened at 360.90 on Thursday. The firm has a 50-day moving average price of GBX 356.86 and a 200-day moving average price of GBX 391.26. The firm’s market capitalization is GBX 3.51 billion. JD Sports Fashion PLC has a 1-year low of GBX 254.20 and a 1-year high of GBX 462.00.

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In other JD Sports Fashion PLC news, insider Peter Alan Cowgill purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were acquired at an average cost of GBX 352 ($4.57) per share, for a total transaction of £105,600 ($137,089.45). Also, insider Brian Small acquired 10,000 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were purchased at an average price of GBX 361 ($4.69) per share, for a total transaction of £36,100 ($46,864.86).

About JD Sports Fashion PLC

JD Sports Fashion Plc is a multichannel retailer of sports fashion and outdoor brands. The Company’s segments are Sports Fashion and Outdoor. The Company’s sports fashion brands include JD, Size?, Chausport, Sprinter, Getthelabel.com, Kooga, Kukri Sports, Source Lab, Scotts, Tessuti, Cloggs, JD Gyms and Nicholas Deakins.